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Weekly Roundup Jan. 25 – Jan. 29 2016: Leidos The New ‘Big One’ After Lockheed IT Biz Merger & more

Jan. 25 – Jan. 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Needless to say, we have a lot to address here after a heavy news week that featured news of government contracting’s largest merger this decade, plus a batch of 2015 earnings reports from …

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January 21 Market Close: GovCon Index Enters Correction With 1% Decline, US Stocks Rise on Oil Gains

The GovCon Index suffered a loss of 1.324 percent to 70.492 Thursday driven by a plunge in Engility Holdings (NYSE: EGL) shares after the contractor issued fiscal year 2016 guidance that forecasts a sharp drop in earnings from 2015 outlook. Chantilly, Va.-based Engility’s 2016 guidance sees earnings of between $1.00 …

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Shawn Kingsberry Joins Unisys as Global Digital Govt Practice Lead; Mark Forman Comments

Shawn Kingsberry, formerly director of cloud solutions at Engility (NYSE: EGL),  has joined Unisys (NYSE: UIS) as head of the information technology firm’s global digital government practice. Kingsberry will directly report to Mark Forman, vice president of the global public sector business at Unisys, and will work to guide public sector consumers …

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January 20 Market Close: GovCon Index, US Stocks Record 1% Declines on Continued Oil-Driven Volatility

The GovCon Index mirrored wild volatility in U.S. markets Wednesday to close at a decline of 0.703 points to 71.438 with an attempt to recover from steep and rapid declines during morning and mid-afternoon trade. The Index showed a 3.5 percent decline at around 12 p.m. ET and fell further …

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Army Awards 17 Spots on $900M Chem-Bio Defense Logistics Support IDIQ

The U.S. Army has awarded positions on a potential four-year, $900 million contract to 17 companies to provide logistics support services for the Joint Program Executive Office for Chemical and Biological Defense. The contractors will compete for individual task orders under the multiple-award, indefinite-delivery/indefinite-quantity contract, the Defense Department said Tuesday. …

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January 11 Morning Report: GovCon Index Sees Drop; S&P 500 Goes Into Correction

The GovCon Index closed Friday at a 1.181-percent drop to 73.739 and ended the week with a loss of 4.31 percent. The S&P 500 composite index joined the Dow Jones Industrial Average and Nasdaq index in correction territory with a decline of 1.08 percent Friday. Top GovCon Index Gainers Symbol Company $ Current …

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December 31 & 2015 Market Close: GovCon Index Ends Year on Down Note, Short of 10% YTD Gain

The GovCon Index ended 2015 on a negative note Thursday with a decline of 1.124 percent to 76.995 and fell short of a year-to-date gain of at least 10 percent. The Index has recorded a full-year gain of 9.01 percent driven by a surge in volume for defense stocks after …

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Reuters: CACI the Lead Candidate for Potential $4B Bid on Lockheed’s Govt IT Business

CACI International (NYSE: CACI), Leidos (NYSE: LDOS) and Engility (NYSE: EGL) have been named as interested bidders for the government information technology business of Lockheed Martin (NYSE: LMT), Reuters reported Friday. Mike Stone and Andrea Shalal write that CACI has emerged in the lead for a potential $4 billion purchase of …

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